The US jobs market stayed strong in August

• The US added 187,000 nonfarm payrolls in August, more than July's revised growth.
• The unemployment rate was 3.8% in August, an increase from July's rate.
• Fed Chair Jerome Powell said in a recent speech the labor market's rebalancing "remains incomplete."

Amid back to school season, summer outings with friends or vacations, and the SAG-AFTRA strike, the labor market is strong based on recent job growth.